Pier 1 Imports (PIR)

Section 2.8 Quorum. At each meeting of stockholders the
holders of a majority of the shares of stock entitled to vote at the meeting,
present in person or represented by proxy, shall constitute a quorum for the
transaction of business, unless otherwise required by applicable law. Where a
separate vote by a class or series or classes or series is required, a majority
of the outstanding shares of such class or series or classes or series and
entitled to vote at the meeting, present in person or by proxy, shall
constitute a quorum entitled to take action with respect to that vote on that
matter. If a quorum shall fail to attend any meeting, the chair of the meeting
or the holders of a majority of the shares entitled to vote who are present, in
person or by proxy, at the meeting may adjourn the meeting.

Shareholders representing a majority of the shares of Pier
1s common stock outstanding as of April 30, 2007 must
be present in person or represented by proxy at the annual
meeting of shareholders in order to conduct business at the
meeting.